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Nicaraguan President Predicts Growth Despite Current Economic Turmoil

ISSN:1089-1560
LADB Article ID: 54527
Category/Department: Nicaragua
Date: 1998-11-05
By: LADB Staff

Prior to the recent destruction from Hurricane Mitch, Nicaragua's President Arnoldo Aleman said inflation this year will be held to 10% despite a substantial jump in consumer prices, and he predicted a decrease in prices toward year's end. Since inheriting a nation that "had practically collapsed," Aleman said the economy under his administration has rebounded and his economic program has stabilized prices, increased reserves, and created a dynamic economic environment.

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